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SF333 (Legislative Session 94 (2025-2026))

Premium security plan account transfer to the commissioner of commerce removal provision; Commerce commissioner requirement to request the continuation of a state innovation waiver provision; money transfer from the general fund to a premium security plan account authorization

Related bill: HF837

AI Generated Summary

This legislative bill, Senate File No. 333, proposed by Senators Dahms, Klein, Seeberger, Utke, and Duckworth, involves health insurance in the state of Minnesota. The bill focuses on two main actions:

  1. Continuation of State Innovation Waiver: The bill requires the Commissioner of Commerce to apply to the U.S. Department of Health and Human Services for the continuation of a state innovation waiver. This waiver is meant to maintain the Minnesota Premium Security Plan, which helps reduce health insurance premiums. The application for this continuation must be submitted by the end of 2026, and the plan will only continue after 2027 if the waiver is approved.

  2. Transfer of Funds: The bill also mandates a one-time transfer of $413 million from Minnesota’s general fund to the premium security plan account in the fiscal year 2026. This funding supports the ongoing operation of the Premium Security Plan.

Overall, this bill aims to maintain reduced health insurance premiums in Minnesota through the continuation of a federally supported innovation and by securing financial backing from state funds.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 20, 2025HouseFloorActionIntroduction and first reading
January 20, 2025SenateFloorActionIntroduction and first reading
January 20, 2025HouseFloorActionReferred toCommerce and Consumer Protection
January 20, 2025SenateFloorActionReferred toCommerce and Consumer Protection
February 02, 2025HouseFloorActionComm report: To pass as amended and re-refer toHealth and Human Services
February 02, 2025SenateFloorActionComm report: To pass as amended and re-refer toHealth and Human Services

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Continuation of the Minnesota premium security plan under section 62E.23.",
      "modified": [
        "The waiver application must clearly state that operation is contingent on approval."
      ]
    },
    "citation": "62E.23",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Transfer of $413,000,000 in fiscal year 2026 from the general fund."
      ],
      "removed": [],
      "summary": "Transfer funding to the premium security plan account as per section 62E.25 subdivision 1.",
      "modified": []
    },
    "citation": "62E.25",
    "subdivision": "subdivision 1"
  }
]

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